Tagged with "class-action settlement"

2019 Securities Class Action Settlement Remain High

Posted on March 5th, 2020 at 2:53 PM
2019 Securities Class Action Settlement Remain High

According to a report released by Cornerstone Research, the median settlement for securities class actions in 2019 was $11.5 million, which was unchanged from the 2018 median.  The 2018 and 2019 median was approximately 34% above the median for the period between 2010 and 2018.  In 2019, there was a decrease in the number of small securities class action settlements and an increase in mid-sized settlements.  Additionally, 2019 saw four mega settlements over $100 million.

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Wells Fargo to pay $79M over advisor comp lawsuit

Posted on February 6th, 2020 at 5:14 PM
Wells Fargo to pay $79M over advisor comp lawsuit

Wells Fargo doesn't expect any disruption to its advisor compensation program following a major class-action settlement led by a former advisor who sued to recover deferred compensation that he said the firm improperly withheld from him when he left to launch his own practice.

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